03 Apr Weld North Acquires Performance Matters
FOR IMMEDIATE RELEASE via Weld North March 9, 2016 WELD NORTH ACQUIRES PERFORMANCE MATTERS; MERGES COMPANY WITH TRUENORTHLOGIC Combination Creates Industry’s First SaaS Platform That Integrates Professional Growth and Student Assessment Tools with Powerful Educational Analytics Capabilities Enables School Districts to Meaningfully Evaluate the Impact of Professional Development and Educator Effectiveness on Student Learning NEW YORK – Weld North Holdings LLC, a leading education investment company led by former Kaplan CEO Jonathan Grayer, announced today their continued expansion in the big data and educational analytics technology market with the acquisition of Performance Matters, a leader in student assessment systems and analytics. As part of this transaction, Performance Matters will merge with Truenorthlogic, the leader in educator professional growth solutions acquired by Weld North in April, 2014. The combination creates the first company with educator evaluation and professional development data; student achievement data; and powerful analytics capability to better understand the drivers of student outcomes. The terms of the agreement were not disclosed. “The recent passage of the Every Student Succeeds Act makes it imperative that state and local educational leaders understand what is working and what is not. In that effort, we believe that Districts will increasingly use the analysis of all kinds of data to improve student outcomes,” said Jonathan Grayer, Chairman and CEO of Weld North. “We understand this goal and know how to unlock the value of big data and critical analysis in an increasingly digital education landscape. With this merger, for the first time ever,...